Higher social assistance, rail and AFP modernization outlays drive government spending increase.
Collections hit ₱ 2.87T, led by BIR and BOC.
National Government’s July deficit jumped from ₱18.9 billion a year ago as spending growth outpaced revenue growth.
National Government continues to rely on borrowing as domestic debt climbs to ₱12.84 trillion.
Debt servicing costs continue to climb as the government spends more on interest obligations.
Budget shortfall reaches ₱198.5 billion as lower non-tax collections offset gains in tax revenues.
Sovereign wealth fund turns over 75% of its 2025 earnings to the National Government as officials cite funding needs linked to the energy emergency.
Luxury vehicle auction leads bulk of Bureau of Customs collections from January to May 2026.
Domestic repayments helped pull the total lower, even as currency movements pushed external obligations higher.
